Proper Internal Control Means That Responsibility for a Task Is

question 126

True/False

Proper internal control means that responsibility for a task is clearly established and assigned to one person.

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Definitions:

External Regulations

Rules, laws, and guidelines imposed by external entities that an organization must comply with.

Ethical Responsibility

The duty to act in a morally correct manner, both individually and within a professional or societal context.

Corporate Behaviour

The actions, attitudes, and values demonstrated by a company and its employees, which influence its reputation and culture.

Moral Expectations

Standards or beliefs regarding what is right or wrong behavior within a society or group.